AMMAN: The Executive Board of the International Monetary Fund (IMF) approved Monday the release of 200 million U.S. dollars as a loan to Jordan.
The IMF said in a statement that it approved the release after completing the sixth review of Jordan’s three-year economic program. The amount is part of a 2.1-billion dollar loan the IMF agreed to extend to Jordan in 2012 to help it cope with an increasing number of Syrian refugees in the kingdom and push forward the country’s financial reforms.
Following the Executive Board’s discussion, Mitsuhiro Furusawa, deputy managing director and acting chair, said conflicts in neighboring countries and hosting refugees continue to exert social and economic pressures on Jordan’s economy. The kingdom has borne a heavy load from Syria’ s civil war, now in its fifth year, and is home to an estimated 1.5 million Syrian refugees.
